Success Story
A trust-owned entity borrower needed short-term liquidity secured by a fully leased retail center that already carried a first trust deed of less than $500K. The lack of individual recourse combined with a subordinate lien position placed the request outside conventional and most private lending parameters; however, with a combined LTV ratio of less than 10%, Fidelis made it happen.
Fidelis structured a $450,000 second trust deed cash-out loan against an as-is value of $8,850,000, resulting in a combined loan-to-value of approximately 10%.
The borrower plans to retire the loan upon payoff of a promissory note held from an unrelated property sale.
Value Added
Sourced through a trusted, repeat broker relationship, Fidelis applied its collateral-first underwriting to approve a no-guarantor, junior-lien structure that many lenders would decline outright, comfortable given the substantial equity cushion ahead of both liens on a stabilized, fully-leased asset.
Another transaction where Fidelis Private Fund is helping our clients achieve their financial goals.